ARS Pharmaceuticals, Inc.

ARS Pharmaceuticals, Inc.

SPRY
ARS Pharmaceuticals, Inc.US flagNASDAQ Global Market
5.62
USD
-0.05
- -
558.08MMarket Cap
ARS Pharmaceuticals, Inc.
SPRY
(NASDAQ Global Market)

Recent

price

5.62

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
TTM
FRC
0.19
0.06
0.03
- -
0.92
0.86
1
Revenue per Share
-0.01
-0.22
-0.87
-0.57
0.08
-1.74
-2
Basic EPS, GAAP
0.1
-0.19
-1.01
-0.62
0.13
-1.74
-1.77
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-0.15
-0.33
2.9
2.39
2.62
1.15
0.62
Book Value per Share
-0.15
-0.33
2.9
2.39
2.55
1.01
0.47
Tangible Book Value per Share
94
94
40
95
97
99
99
Basic Weighted Avg Shares
18
6
1
- -
89
84
99
Sales/Revenue/Turnover
-2.63
-353.32
-2,698.78
-225,066.67
-3.46
-212.92
-204.49
Operating Margin (%)
- -
- -
- -
-7
-7
-4
-3
Depreciation Expense
-1
-20
-35
-54
8
-171
-198
Net Income, GAAP
- -
- -
- -
- -
3.48
- -
- -
Effective Tax Rate (%)
-5.97
-367.65
-2,635.41
-181,216.67
8.97
-203.25
-200
Profit Margin (%)
18
53
272
229
311
246
196
Working Capital
7
5
- -
- -
- -
96
97
LT Debt
-14
-31
273
231
257
114
61
Total Equity
- -
- -
- -
- -
-1.22
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
3.28
- -
- -
Return on Capital (%)
- -
- -
- -
-21.59
3.28
-92.33
-136.4
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1
- -
- -
LT Borrowings
96
96
97
LT Finance Leases
1
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
99
99
99
Market Capitalization
993
1,157
797

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
339
285
245
Cash, Cash Equivalents & STI
288
245
201
Accounts Receivable, Net
36
25
29
Inventories
8
8
9
Total Current Liabilities
51
39
50
Payables & Accruals
44
38
48
ST Debt
1
- -
- -
Deferred Revenue
1
1
1

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-181.97%
-55.51%
Free Cash Flow
- -
-331.66%
-1,418.48%
Net Income, GAAP
- -
-85.53%
-2,241.76%
Sales/Revenue/Turnover
- -
59,362.98%
-5.46%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
2
87
89
2025
8
16
33
28
84
2026
23
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.11
-0.13
-0.2
- -
0.08
2025
-0.35
-0.46
-0.52
- -
-1.74
2026
-0.61
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
ARS Pharmaceuticals, Inc. is a biopharmaceutical company focused on the development and commercialization of innovative treatments for severe allergic reactions, including anaphylaxis. Its primary product offering is neffy®, the first and only FDA-approved needle-free intranasal epinephrine spray designed for the emergency treatment of Type I allergic reactions in adults and children aged 4 years and older who weigh 33 pounds or more. Neffy® combines epinephrine with an absorption enhancer to provide rapid, injection-like absorption in a small, easy-to-use nasal spray, aiming to improve patient and caregiver confidence and prompt administration of epinephrine upon symptom onset. The company also conducts ongoing clinical trials for expanding the use of its intranasal epinephrine technology into additional indications such as chronic spontaneous urticaria. ARS Pharmaceuticals operates primarily in the United States and Europe, with headquarters in San Diego, California. Founded prior to its public listing and presently traded under the ticker SPRY on NASDAQ, the company targets at-risk patients with severe allergies, healthcare providers, and caregivers, offering a patient-friendly alternative to traditional injectable epinephrine products. Recent significant developments for ARS Pharmaceuticals include a strategic licensing agreement with ALK-Abelló A/S, under which ARS received an upfront payment of $145 million and is eligible for up to $320 million in regulatory and commercial milestone payments plus tiered royalties. This partnership assigns ALK responsibility for marketing, local market access, and sales of the neffy® product. In 2025, ARS launched a national direct-to-consumer advertising campaign to increase product awareness, contributing to a 180% increase in weekly prescription volumes of neffy® in the U.S. Furthermore, the company initiated a Phase 2b clinical trial for the treatment of acute flares in chronic spontaneous urticaria, enrolling patients across the U.S. and Europe, with topline data expected in early 2026. ARS has also secured broad commercial payer coverage, achieving 93% commercial coverage in the U.S. including 57% without prior authorization, substantially reducing administrative barriers for providers. Overall, ARS Pharmaceuticals delivers comprehensive allergy treatment solutions through its flagship neffy® nasal spray, supported by robust clinical development programs, strong commercial partnerships, and expanding market access across North America and Europe. The company’s financial position and strategic initiatives position it for continued growth in the biopharmaceutical allergy treatment sector.

Company News

  • Kaplan Fox Reminds Investors of ARS Pharmaceuticals Inc. (SPRY) to a Securities Class Action Deadline - Contact the Firm Before October 5, 2026

  • SPRY Investors Have Opportunity to Lead ARS Pharmaceuticals, Inc. Securities Fraud Lawsuit with SBS Law

  • ROSEN, A LONGSTANDING LAW FIRM, Encourages ARS Pharmaceuticals, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SPRY

  • ROSEN, TRUSTED INVESTOR COUNSEL, Encourages ARS Pharmaceuticals, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SPRY

  • Faruqi & Faruqi, LLP Urges ARS Pharmaceuticals (SPRY) Investors to Seek Counsel Before the October 5, 2026 Lead Plaintiff Deadline in the Securities Class Action

  • Bronstein, Gewirtz & Grossman LLC Urges ARS Pharmaceuticals Inc. Investors to Act: Class Action Filed Alleging Investor Harm

  • SPRY UPCOMING DEADLINE: SueWallSt Alerts ARS Pharmaceuticals Inc. Stockholders of Securities Class Action - Contact the Firm

  • INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in ARS Pharmaceuticals, Inc. of Class Action Lawsuit and Upcoming Deadlines - SPRY

  • ROSEN, TOP-RANKED INVESTOR COUNSEL, Encourages ARS Pharmaceuticals, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SPRY

  • ARS Stock Drop: Robbins LLP Reminds Investors They May Be Eligible to Lead the Class Action Against ARS Pharmaceuticals Inc.

  • SPRY Shareholder Alert: ARS Pharmaceuticals Inc. Securities Class Action Lawsuit - Investors Should Contact Levi & Korsinsky

  • Kaplan Fox Alerts Investors of a Securities Class Action Against ARS Pharmaceuticals Inc. (SPRY) - Deadline is October 5, 2026

  • SPRY Investors Have Opportunity to Lead ARS Pharmaceuticals, Inc. Securities Fraud Lawsuit

  • SPRY Investors Have Opportunity to Lead ARS Pharmaceuticals, Inc. Securities Fraud Lawsuit

  • INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in ARS Pharmaceuticals, Inc. of Class Action Lawsuit and Upcoming Deadlines – SPRY

  • ARS Pharmaceuticals to Participate in Upcoming Investor Conferences

  • SPRY Investors Have Opportunity to Lead ARS Pharmaceuticals, Inc. Securities Fraud Lawsuit with SBS Law

  • SPRY DEADLINE: SueWallSt Reminds ARS Pharmaceuticals Inc. Investors of Upcoming Securities Class Action Deadline

  • SPRY SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Reminds ARS Pharmaceuticals Investors of Securities Class Action Lawsuit Deadline on October 5, 2026

  • ROSEN, REGARDED INVESTOR COUNSEL, Encourages ARS Pharmaceuticals, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SPRY